The Minister of Budget and National Planning, Senator Udoma Udo Udoma, Monday, said that the Federal Government has spent N3.577 trillion as at September out of the N6.06 trillion budgeted for 2016. Udoma made this disclosure yesterday in Lagos at the KPMG CFO Forum. According to him, “The Federal Government has spent about N3.577 trillion

Despite the allegations of having a hand in padding the 2016 budget, the Speaker of House of Representatives, Yakubu Dogara, has said padding is not an offence hence, he won’t resign.‎ Former Chairman House Committee Appropriation, Abdulmumin Jibrin had alleged that the Speaker and three other principal officers of the House was in the know

The Lagos State government has disclosed that its N113.3bn education budget (representing 27.11% of the state’s budget) is about one-third of the N369bn budgeted by the Federal Government for the entire country; just as it assured of its commitment to the implementation of the one meal a day programme. This wàs revealed by Governor Akinwunmi

Nigeria’s recently assented 2016 budget will run until May 2017, the Senior Special Assistant to President Muhammadu Buhari on National Assembly (Senate), Ita Enang, has stated. “The Act provides that the budget takes effects from the date assented to by the president, and run a full course of 12 months,” said Mr. Enang, a former

President Muhammadu Buhari on Friday. May 6, said that his administration budgeted N200 billion to road construction unlike former president Goodluck Jonathan, who allocated “paltry” N18 billion to it in 2015. He stated this shortly before signing the 2016 budget into law. “To illustrate our renewed commitment to infrastructural development, the 2016 budget allocates over

Succour may come the way of Nigerians and businesses soon as the National Assembly formally transmitted the amended 2016 Appropriations Bill to the presidency for assent. Yussuff Lasun, Deputy Speaker of the House of Representatives, on Thursday handed over the 2,232-page budget to Ita Enang and Suleiman Kawu, Special Advisers to the President on National

FORMER Minister of State for Education and a chieftain of the Peoples Democratic Party, PDP, Olorogun Kenneth Gbagi, in this interview assesses the administration of President Muhammadu Buhari, his foreign trips, his party, the PDP, attacks on Minister of State, Petroleum, Dr. Ibe Kachikwu and the governor of Central Bank of Nigeria, CBN, Mr. Godwin

Fear has now gripped some top officials of the National Assembly over the revelation that they hijacked the budget sent in by President Muhammadu Buhari and used their positions to distort the fiscal document by allocating huge projects worth billions of Naira to themselves under the guise of working on the budget. The affected influential

The Senate, yesterday, gave what it described as a final warning to the presidency on its dealings with the legislative branch of government, affirming that it would no longer tolerate the presidency blaming the legislature for its failures. The assertion which was a direct fallout from brickbats over the removal of the Calabar – Lagos

The Senate, on Wednesday, passed the 2016 Appropriation Bill and reduced the budget size from the initial N6.077trn presented to the federal parliament by President Muhammadu Buhari on December 23, 2015, to N6.060trn, a difference of N17bn. The federal lawmakers approved the N1.587trn as the capital expenditure portion of the budget and the recurrent expenditure